At the end of a financial period, the tradi..

Question 1 Report

At the end of a financial period, the trading

Profit and loss account of a sole trader

Shows a profit of #180,000. it is however

Discovered that revenue of #15,000 is

Recorded as expenses while expenses of

#4,000 is recorded as revenue.The revenue to be added as an adjustment is

#34,000

#30,000

#15,000

#4,000

At the end of a financial period, the trading Profit and loss account of a sole trader Shows a profit of #180,000. it is however Discovered that revenue of ...